100,000 Shares in PACS Group, Inc. (NYSE:PACS) Acquired by Maven Securities LTD

Maven Securities LTD purchased a new position in shares of PACS Group, Inc. (NYSE:PACS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 100,000 shares of the company’s stock, valued at approximately $3,997,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its holdings in PACS Group by 174.4% during the third quarter. FMR LLC now owns 1,641,651 shares of the company’s stock worth $65,617,000 after buying an additional 1,043,399 shares in the last quarter. Deerfield Management Company L.P. Series C purchased a new stake in shares of PACS Group during the 2nd quarter worth about $19,584,000. Lighthouse Investment Partners LLC acquired a new stake in shares of PACS Group during the 2nd quarter valued at about $8,946,000. Millennium Management LLC acquired a new stake in shares of PACS Group during the 2nd quarter valued at about $8,905,000. Finally, Ghisallo Capital Management LLC purchased a new position in shares of PACS Group in the 2nd quarter valued at about $8,850,000.

PACS Group Stock Performance

NYSE PACS opened at $15.05 on Wednesday. The company has a fifty day moving average of $30.99 and a two-hundred day moving average of $32.91. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71. PACS Group, Inc. has a 1 year low of $15.01 and a 1 year high of $43.92.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Oppenheimer lifted their price target on shares of PACS Group from $32.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $40.00 target price on shares of PACS Group in a report on Wednesday, November 6th. Truist Financial lifted their price target on PACS Group from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. UBS Group started coverage on PACS Group in a research note on Wednesday, October 9th. They issued a “buy” rating and a $50.00 price objective for the company. Finally, Citigroup assumed coverage on shares of PACS Group in a research note on Wednesday, September 11th. They set a “buy” rating and a $45.00 target price on the stock. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $39.88.

PACS Group Company Profile

PACS Group, Inc, through its subsidiaries, operates skilled nursing facilities and assisted living facilities in the United States. The company also provides senior care and independent facilities. It engages in the acquisition, ownership, and leasing of health care-related properties. The company was founded in 2013 and is based in Farmington, Utah.